IntroductionAfter many years of futile meming, the revenue meta has broken out. We can thank Hyperliquid for this. In 2021, a few DeFi enjoyoooors tried to meme the “real revenue” meta into existence, but outside a handful of projects, onchain activity and revenue were insufficient for this new meta to be sustainable. Then, the bear hit in 2022. The other reason the revenue meta never caught on was that projects that did have meaningful revenue either didn't have a token or their token w...
